1. USD/JPY Analysis:

News Summary:

Data released by the Bank of Japan has sent a clear signal that Japanese authorities may have intervened in the market more than once recently to support the yen, with the latest round of operations potentially reaching as much as 5.01 trillion yen, or approximately $32.06 billion. The figures are based on the Bank of Japan’s forecast for next-day money market conditions. The forecast indicated a net liquidity outflow of 4.51 trillion yen, while broker estimates had previously ranged from no change to a net increase of 500 billion yen.

Trend Analysis:

We can see USD/JPY on the H4 chart continues to trend higher in a volatile manner and remains above the 48 hours moving average. In addition, the MACD double line and histogram bars are expanding below the zero axis. The buy limit could be used, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [156.00]

Key Resistance Levels: [158.00]
Pivot Points [156.70]

2. Crude Oil Analysis:

News Summary:

The commodities research division of Goldman Sachs has recently issued a warning over the accelerating drawdown in global oil inventories. The report noted that although total global oil stockpiles remain above emergency warning levels, inventories in certain regions and specific refined fuel categories are approaching critically low levels. Current global oil inventories are estimated to be equivalent to 101 days of worldwide demand. By the end of May, that figure is expected to decline to 98 days, nearing the lowest level seen in the past eight years.

Trend Analysis:

On the H4 chart, we can see crude oil has resumed its upward movement and is currently trading near the 48 hours moving average. Meanwhile, both the MACD double line and energy bars are expanding around the zero axis. The buy limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [95.00]

Key Resistance Levels: [107.00]

Pivot Points [98.00]